TIME AND MATERIAL CHANGES. (a) In the event of any Disputed Changed Work, if the parties are unable to agree on a lump sum amount for any increase in the Contract Price resulting from such Disputed Changed Work, and in addition to Princeton University’s right to require Contractor to perform such Disputed Changed Work pursuant to a Disputed Change Order as provided in Clause H5, the amount of such increase may, at the sole discretion of Princeton University in writing, be determined on a time and material basis as the sum of (a) Contractor's aggregate additional reasonable, provable, and necessary costs resulting from such change in the Work and/or the Contract (whether incurred directly by Contractor or indirectly through one or more Subcontractors) for: (i) labor and labor burdens for time actually spent at Work on the Site, (ii) materials and equipment incorporated in the Work, (iii) rental of equipment, machinery or temporary facilities, and (iv) salaried personnel working directly on the Work, plus (b) a reasonable allowance for Contractor's overhead and profit relating to such costs (“T&M Change Order”).
Appears in 12 contracts
Samples: Part I Agreement, Basic Ordering Agreement, Part I Agreement
